Chapter 6 Assignments Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: a. Sold merchandise for cash, $17,550. The cost of the merchandise sold was $10,530. (Record the sale first.) Cash Sales 17,550 17,550 Cost of Merchandise Sold 10,530 Merchandise Inventory > b. Sold merchandise on account, $9,400. The cost of the merchandise sold was $5,640. (Record the sale first.) Feedback Check My Work c. Sold merchandise to customers who used MasterCard and VISA, $107,540. The cost of the merchandise sold was $64,520. (Record the sale first.) Feedback Check My Work d. Sold merchandise to customers who used American Express, $32,570. The cost of the merchandise sold was $19,540. (Record the sale first.)